the Future Looks Bright in Hot Springs

What a great year it’s been!  This time of year is always so special.  It’s a time of reflection, a time of gratitude, a time for new adventures & treasured traditions, and it’s a time of excitement for another new year ahead.

Looking back, we’re happy to report that the real estate market in the Hot Springs area continues to be good, and the overall residential sales volume for the year is up 16% over last year. Below is an overview of this year’s residential sales in Garland County compared to this same time period year-over-year.

Average Days on Market
1/1/17 – 10/31/17:  168
1/1/18 – 10/31/18:  149           

Number of Listings Sold
1/1/17 – 10/31/17:  1,334
1/1/18 – 10/31/18:  1,505               

Average Price of Sold Listings
1/1/17 – 10/31/17:  $181,172
1/1/18 – 10/31/18:  $187,518

MLS Sold Volume
1/1/17 – 10/31/17:  $241,684,392
1/1/18 – 10/31/18:  $282,027,270

(data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru our local mls)

Click here to take a look at the next report that shows a more detailed overview of the current home sales in Garland County, AR. This report will give you a better look at the supply and demand of homes. 

Today, we are so very grateful for the awesome city we live in and all of the exciting news going on around us.  Did you know that Hot Springs made Matador Network’s “Best National Parks to visit”, and Oaklawn recently announced plans to build an expansion project in excess of $100 million which is one of the largest hospitality investments in the history of Arkansas?  

I don’t know about you, but we’re very excited about the future for Hot Springs!!! This may be the best time EVER to start up that new business you’ve been wanting to do, or buy that little AirBnB bungalow you’ve been wanting, or you might check out the opportunities for employment with the huge expansion project at Oaklawn. Opportunities are endless and the future looks bright!

What do you have going on during this special time of year?  If there’s anything we can help you with, please give us a call today at (501) 655-6247. It is always our pleasure to serve you, and we look forward to hearing from you.

Warm regards,

Jeff and Paulia Kennedy
Hot Springs 1stChoice Realty
(501) 655-6247
Jeff@BestofHotSprings.com